On Oct 26, China Banking Regulatory Management Committee made approval on Request for ICBC Re-establishment and Changed to Limited Company (ICBC 132 (2005))by Approval of ICBC Restructured into Limited Company (Approval 272 (2005)). It agreed that ICBC to restructure as shareholding limited company to wholly take over all ICBC original assets, liabilities, offices, businesses and staffs; that Ministry of Finance and Central SAFE Investments Ltd. as initiators; that registered capital of Industrial and Commercial Bank of China Limited is RMB 248 billion; that Ministry of Finance and Central SAFE Investments Ltd. hold 50% of the shares respectively. It approved ICBC business scope, appointments of main members of ICBC Board of Directors, Council Board and High-Management Team; Industrial and Commercial Bank of China Limited Regulations.